• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
LEO

LEO Token Records Positive Moves While Crypto Market Struggles

Alyz by Alyz
2 months ago
in LEO
Reading Time: 3 mins read
Advertisement

LEO, the native token of the Bitfinex exchange, has recorded positive gains as the crypto market struggles to gain footing. The utility token saw a price increase of 4.24% on the day. It also enjoyed an impressive 11% surge in the last 7 days. 

LEO’s price surge comes as rival exchange FTX suffers from liquidity issues. After the FTX filed for bankruptcy, many crypto community members called for exchanges to post their proof of reserves. Bitfinex was one of the few exchanges that revealed their cold wallet storage to boost transparency.

Related Reading: Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?

However, this move wasn’t a major catalyst in its growth as the tokens of other exchanges that took the proof-of-reserve route are still down. The likes of BNB and Houbi Token are down 5.12% and 16.32%, respectively.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

LEO Joins TWT, Toncoin, Chiliz, And Others To Lead Gains

As the crypto market looks to recover, several tokens have enjoyed impressive price rallies. Besides LEO, the likes of Trust Wallet Token, Chiliz, and Toncoin are soaring with daily and weekly gains. Topping the list of top-gainers in the past day and week is Trust Wallet Token. The native token of the self-custody wallet saw an impressive run that brought its total weekly value to over 90%. TWT’s impressive run comes after CZ of Binance endorsed the wallet on Twitter. 

Taking second place is the utility token of the decentralized spot and perpetual trading platform GMX. The token saw a week-on-week surge of 20% at press time while holding 2.09% on the day. Toncoin ad Chiliz followed suit in third and fourth place, respectively. Both tokens have enjoyed renewed interest on social media, one key factor contributing to their surge.

LEO came in fifth place, posting an intraday price surge of 4.21%. The Bitfinex utility token experienced some volatility within the week. This pushed the token down to $3.66, a 4.9% drop below its 7-day opening price of $3.82. However, it has recovered the losses, reaching a new local high of $4.22. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
LEOUSD
LEO’s price is currently hovering at $4.24. | Source: LEOUSD price chart from TradingView.com

Bitfinex CTO Publishes Proof Of Reserve Amid FTX Bankruptcy Saga

Many significant cryptocurrency exchanges, including Binance, OKX, Kucoin, and Crypto.com, committed to publishing their proof of reserve to restore investor trust. The development came after FTX’s liquidity issue became well-known in the crypto space. To demonstrate his commitment, Bitfinex chief technical officer Paolo Ardoino published a list of the most used Bitfinex wallets.

A total of 135 cold and hot wallet addresses were disclosed in Ardoino’s Bitfinex proof of reserves post on GitHub. He provided a list of some of the company’s big holdings, 204338.17967717 Bitcoin and 1225600 Ether, saving users the hassle of going through the addresses.

Related Reading: Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains

Back in June 2018, Bitfinex created an open-source framework called Antani. The goal was to promote transparency with regard to evidence of solvency, custody, and off-chain delegated proof of vote. Ardoino revealed Bitfinex’s plans to restore the system to let users see their balances without jeopardizing anonymity.

Featured image from Pixabay and chart from TradingView.com
Tags: cryptocurrencyLEO analysisLEO pirceLEOUSDUNUS SED LEO
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Alyz

Alyz

Alyz is a passionate freelance writer and journalist.

Related Posts

No Content Available

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

The Meta Masters Guild Presale Generates $1.5 Million So Far With Price Hike of 23% in Next 48 Hours.

January 27, 2023

Top Experts Compare Treshold (T), BNB (BNB), and Snowfall Protocol (SNW) and Decide Which Is The Best – Find Out More!

January 27, 2023

PancakeSwap To Do a V3 Upgrade In 2023 According to Roadmap Update, Kava Gets Coinbase Listing, Snowfall Protocol Releases the Long-Awaited Snowfall DEX And Promises Another Huge Announcement A Week Before Launch— Is Snowfall Wallet Coming Early Too?

January 27, 2023

Litecoin (LTC) and Polygon (MATIC) Have Been Renowned IN The Past But It’s Time For A New Crypto Project To Take The Top Ranks: Snowfall Protocol (SNW)

January 27, 2023

Binance Coin (BNB) And Orbeon Protocol (ORBN) Speculated To Make Huge Gains In 2023

January 27, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.